Plan Snapshot
- Plan Sponsor: Purem Novi INC.
- Sponsor EIN: 383542936
- Sponsor Address: 29101 HAGGERTY ROAD, NOVI, MI, 48377
- Plan Type: 401(k)
- Total Participants: 521
- Total Assets: $12.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 521 | $12.6M | $808,543 | $1.6M |
| 2023 | 387 | $10.1M | $724,044 | $1.3M |
| 2022 | 291 | $8.1M | $780,535 | $1.5M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PLANTE MORAN | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $76,461 | $28,927 | — | — | — |
| 2023 | $82,397 | $22,716 | — | — | — |
| 2022 | $81,518 | $355 | — | — | — |